Support for AI Industry

Published: 12.09.2017
Related countries:China

China will soon unveil a series of new initiatives to support the AI industry. Favorable tax policies will be introduced to encourage SMEs to work more closely with AI technology, and AI innovation centers will be set up across the country.

China will soon unveil a series of new initiatives to support the AI industry. Favorable tax policies will be introduced to encourage SMEs to work more closely with AI technology, and AI innovation centers will be set up across the country. China is determined to build an AI core industry of US$148 billion by 2030 and provinces across the country are increasing efforts to work on local versions of AI industry policies. “China will lead the world in AI development since the country has about 700 million Internet users who are highly responsive to new technologies. This is an edge no other countries can rival,” states Baidu CEO Robin Li.